UPDATE 1-UK Stocks-Factors to watch on Dec 6

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Dec 6
Credit: © Reuters.

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Dec 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 41 points lower at 7,286.6 on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.45 percent ahead of the cash market open.

* MULBERRY: Britain's Mulberry MUL.L , known for its classic leather handbags, posted a 2 percent rise in retail sales in the first half of its fiscal year and flat total revenues, at a time when it is making a greater push into Asia. SABRE: British car insurance underwriter Sabre IPO-SI.L priced its London market debut at 230 pence per share, giving the company a market value of 575 million pounds ($771 million) at the start of conditional trading. HAMMERSON: Britain-based shopping centre landlord Hammerson HMSO.L said it agreed to buy Intu Properties INTUP.L in a deal valuing the smaller rival at about 3.4 billion pounds ($4.56 billion). LEGAL & GENERAL: Swiss Re SRENH.S has agreed to buy 1.1 million life insurance policies from Legal & General Group (L&G) LGEN.L for 650 million pounds ($872 million), the Swiss group said on Wednesday. EASYJET: Britain's easyJet EZJ.L will start competing with Lufthansa LHAG.DE on domestic German routes from Berlin next month, following its planned acquisition of parts of insolvent Air Berlin, it said on Wednesday. BRITAIN-LABOUR: Britain should leave open the option remaining in the single market and customs union after a Brexit transition period, the Brexit spokesman for the opposition Labour Party said on Wednesday. GLAXOSMITHKLINE: The Australian Competition and Consumer Commission (ACCC) on Wednesday said it is taking local units of GlaxoSmithKline GSK.L and Swiss healthcare company Novartis NOVN.S to court over false or misleading representations in the marketing of pain relief products. OIL: Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. GOLD: Gold prices nudged down early on Wednesday after touching a two-month low in the previous session, despite a slightly weaker dollar. BRITAIN-PHARMACEUTICALS: Britain won a vote of confidence from its economically important life sciences sector on Wednesday as five drug companies committed to invest in the country under the government's industrial strategy plans after Brexit. The UK blue chip index ended the session 0.2 percent lower at 7,327.50 points on Tuesday, as sterling picked itself up from a session low on the back of timid optimism about a Brexit deal. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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